@Porwest
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I often find that analysts get quite a lot wrong. And this is not to say I am a financial genius by any means. Take oil for example. A couple of years ago the price per barrel of oil plummeted to around $40, and many analysts said "we may never see $100 oil ever again." I thought that was a ridiculous statement, and bought oil companies into the lows. Oil is now heading back toward $150. All this means to suggest is that what you invest in, and the decisions you make, should never be made on the basis of what other people think, feel, or believe. But rather, your investment decisions should be based on what your own due diligence suggests—learning fundamental analysis is paramount in making successful judgements. You still won't be right every time. But uncannily most professional analysts are wrong more than they are right.
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I see loads of analysts also saying inflation is "transitory" and we "shouldn't worry," because "it's intended to recover the economy." Right...
The price is sterling. I can't forget that topic way back high school or college days. The price will get higher and higher.
Sir your analysis are quite true and here in my country prices of everything flying in the air due to huge prices of oil .
But what makes them professionals then or rather how do they get to such positions of being professionals ? Happy new month tho😊
Not sure actually. Many aren't rich. That's all I know.
Are you sure about this? Did you do some research, I think most are but don't show off.
When you are rich, financial advisors come out of the woodwork. If I compare bank accounts, mine is bigger. lol
So you've got all your live saving into the banks. As for me that's not smart at all.
Banks? Fuck no. No money in that at all. Mostly stocks and other investments I will not get into.
But you just said your bank accounts, or did you stutter Stocks, What if they crash?
In English, "in the bank" is not a literal term, but a general one. What's "in the bank" is simply the sum of all parts that make up your total wealth. As for stocks crashing, happens all the time. Tons of ways to hedge against it, protect oneself from larger losses, and reduce losses after bottoms etc. I make more money from crashes than I do from bull markets honestly.
Hmm, so you are literally a stock trader, in general terms a "trader".
I prefer the term "investor." There is a bit of a difference between a trader and an investor. But I do trade some stocks. Most are investments.
So you can analyse charts?
Yes. But I rarely use charts. I rely more on fundamentals. The best thing charts can tell me are support and resistance levels and I do watch 50 day and 200 day moving averages to sometimes watch crossing lines to tell me if the trend is up or down. But for me, fundamentals are king. At least in stocks. Crypto is another animal.
Lol. CRYPTO indeed is So fundamentals never seems to fail you huh...🤔 You are classified under the fundamentals traders sector rather than the technical analysis.
I think you are right We should never base our decisions on what other people think because in most cases they can be wrong In most cases, they give us false beliefs in order to make us fail at the thing we do It is a psychological war